The Goldman Sachs Group, Inc. GS today announced that the Federal
Reserve did not object to Goldman Sachs' proposed capital actions, but, as
required by the Federal Reserve, the company will resubmit its capital plan by
the end of the third quarter, incorporating certain enhancements to its stress
test processes.
“We are pleased to continue to have the flexibility to return capital to
shareholders,” said Chairman and Chief Executive Officer, Lloyd Blankfein.
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